Key Market Indicators
Revenue from Lithuania's security systems sector is projected to experience a slight decline, reaching approximately €43 million by 2028, down from €43 million in 2023. This represents an average annual decrease of 0.1%. Despite the anticipated drop, the Lithuanian market has shown positive growth trends in the past decade, averaging an annual increase of 0.8% since 2013. In the 2023 rankings, Lithuania secured the 23rd position in the European security systems market. Greece, with a revenue of €43 million, narrowly edged out Lithuania. Spain, Germany, and Sweden took the second, third, and fourth spots, respectively, in the rankings.
